Dr. Rick Harper

In this week’s Economic Report, Dr. Rick Harper looks at the latest ADP report on job growth, talks about potential tax cuts in the Trump administration and what those reductions could mean for Northwest Florida.

Harper said the report from the ADP, the nation’s largest payroll processor, which comes out two days before the federal statistics on jobs that are released on the first Friday of every month, yielded “surprisingly good” results.

In this week’s Economic Report, Dr. Rick Harper looks at the unexpected boost in retail sales, the underestimated Chinese/U.S. trade relationship, how uncertainty is affecting Florida’s budget, and growth on Nine Mile Road.

U.S. retail sales rose .08 percent in October, which was better than anticipated. But Harper said that there was other good news that shouldn’t be overlooked.

 

In this week’s Economic Report, Dr. Rick Harper discusses what the election of Donald Trump means for the economic markets, the Federal Reserve and international trade.

With Hillary Clinton favored to win the 2016 presidential election, many were caught off guard when Trump emerged victorious.

In this week’s Economic Report, Dr. Rick Harper talks about his recent economic outlook presentation to the Pensacola Rotary Club where he discussed issues that will face our next president, including interest rates, the national debt and the North American Free Trade Agreement.

With less than a week to the election, Harper spoke to the group about where the economy stands now and what we could see after all the votes are counted, particularly with the Federal Reserve and the expected interest rate hike in December.

In this week’s Economic Report, Dr. Rick Harper discusses an unexpected rise in new home sales, explains why it may be time to reexamine the Consumer Price Index and when BP oil spill relief funds could start funding projects in the area.

Beating expectations, new home sales rose 3.1 percent in September and Harper said that the increase shows conflicting signs in the home sale market.

In this week’s Economic Report, Dr. Rick Harper discusses an unexpected drop in housing starts in September and what it means for the larger economic landscape. Also, the SBDC released its first Florida Small Business Survey.

Housing starts for September were down 9 percent from August and down 12 percent from September 2015, but Harper said digging deeper into the numbers from the Commerce Department’s monthly report reveals a really mixed bag.

In this week’s Economic Report, Dr. Rick Harper discusses a new Pew Research Center that looks at the state of American jobs. He also talked about the ITEN Wired summit, an annual networking and educational conference for tech and knowledge-based industries.

The study, which spans 1980-2015, finds that jobs that require higher levels of skill are growing faster than those that require fewer skills.

In this week’s Economic Report, Dr. Rick Harper discusses the 20th annual Gulf Power Economic Symposium held earlier this week in Panama City.

More than 500 people attended the sold-out event. Harper said the event’s reputation as a world-class symposium has grown along with its attendance.

“It’s really grown in stature around the region,” Harper said. “It’s a great networking event with a lot of great speakers, and I thought this year’s symposium was particularly good.”

 

In this week’s Economic Report, Dr. Rick Harper discusses the reasons that the Federal Reserve continues to hold interest rates and what tools they have at their disposal to normalize the economy.

 

After last week’s announcement that the Federal Reserve would once again hold interest rates, many were left wondering why, particularly when low interest rates hurt those trying to save.

 

 

In this week’s Economic Report, Dr. Rick Harper talks about the Federal Reserve once again holding interest rates despite projections that an increase was coming in September.

 

Most observers had anticipated that the Fed would raise rates by 0.25 percent, and many were caught off guard by their decision.

 

“The Federal Open Market Committee held firm at the existing low interest rates,” Harper said. “We haven’t had an increase since December 2015.”

 

 

In this week’s Economic Report, Dr. Rick Harper discusses the new Census Bureau report on the economic progress of American families released by the White House this week.

 

Among the findings in the report was the fact that household income grew at the fastest rate on record in 2015.

 

“It was a great report,” Harper said. “We’ve been tracking statistics on median household income adjusted for inflation. Economists call that real median household income.”

 

 

  In this week’s Economic Report, Dr. Rick Harper talks about the Pensacola Young Professionals’ annual Quality of Life survey and what the results reveal about perceptions of the area’s economy and the Port of Pensacola.

 

The PYP Quality of Life survey was released this week. Conducted by Mason-Dixon Polling and Research, 800 respondents were surveyed with the largest response group being those 65 and older, followed by those who were 55-64 and Harper says there weren’t big surprises in the basic findings.

  

In this week’s Economic Report, Dr. Rick Harper, associate vice president of research and economic opportunity at the University of West Florida, discusses the impact of Tropical Storm Hermine on Labor Day tourism.

 

 

    

In this week’s Economic Report, Dr. Rick Harper talks about a recent CNBC poll that finds many in the economic field are unsure of the Federal Reserve’s plans. He also discussed how the unexpected fall of existing homes sales creates uncertainty in the marketplace.

 

 

In this week’s Economic Report, Dr. Rick Harper talks about how unexpectedly strong housing numbers are bolstering the third-quarter GDP outlook for the U.S.

 

Housing starts rose 2.1 percent in July, far exceeding expectations. However, Harper said the bump didn’t affect all areas of the country.

 

“The Northeast dropped off very substantially,” Harper said. “But, we saw increases in the South and West.”

 

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